Engro is one of the largest diversified business conglomerates from Pakistan operating businesses in foods, fertilisers, petrochemicals, energy and commodity trade. Our diversified investments and growth orientation coupled with our consistent and reliable performance have resulted in superior returns for our stakeholders over the years.
Our financing strategy revolves around effectively utilising the existing debt and equity markets while playing an active role in developing the retail debt market in Pakistan. To this effect, the Engro Foods IPO was the single largest IPO last year raising a total of Rs 1.87 Bn through a combination of public offering and private placement. Our Rupiya certificate is another such attempt to reinforce Pakistan's financial markets and is part of Engro's strategy to diversify its sources of funding. Engro has successfully launched two issues of Rupiya which were fully subscribed raising a total of Rs 6.75 Bn from more than 4,500 investors.
In future, Engro plans to go for more IPOs and TFC offerings in Pakistan to fund its growth objectives. Although corporates like Engro have taken a lead in developing the capital markets in Pakistan, more companies need to come forward through public share offerings and retail corporate debt offerings to reap significant benefits from a strong capital market structure.
Comments
Comments are closed.